201205962 - Laserfiche WebLink

Browse

� 20120596� FHA Case # 321-256425 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FHA GOOD NEIGHBOR NEXT DOOR SALES PROGRAM SECOND MORTGAGE $19,000.00 1926 W 11�' St, Grand Island, NE 68803 (Property Address) � � � � � r*� --� 0 --� r r*+ � r� �o � � � � This Second Mortgage is given on June 28th, 2012. T'he Mortgagor(s) is/are Clinton E. Cunningham, a single person, whose address is 2720 Saint Patrick Ave, Grand Island, NE 68803. This Security Instrument is given to the Secretary of Department of Housing and Urban Development, whose address is 1600 North Broadway, Santa Ana, CA 92706-3927. Borrower owes Lender the principal sum of Nineteen Thousand Dollars (LJ.S. $19,000.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument, which provides for the circumstances under which the principal sum will become due and payable. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note and in accordance with the terms of the Note, and (b) the performance of Borrower's promises and agreements under this Security Instrument and the Note. For this purpose, borrower does hereby mortgage, grant and convey to the Lender, the following described property located in Hall County: Lot Eleven (11), and fhe East Half (E1/2) of Lot 10, Block Eight (8) in Boggs & Hill's Addition to the City of Grand Island, Hall County, Nebraska. Which has the address of 1926 W 11�' St, Grand Island, NE 68803 ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the properly. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER PROMISES that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances or record. 1. Payment of Principal and Interest. Borrower shall pay, when due and payable, the Principal sum of the debt evidenced by the Note and according to the terms of the Note. a �